Copernic Space to set first tokenised sale of payload space
The NFTs of payload space would provide the owner rights and utility to the space
Copernic Space platform and the US robotics company Lunar Outspot are about to launch the first tokenised sale of payload space available to the public. The debut is scheduled for the end of 2021.
The project will allow companies and the general market to buy, fractionalise, and sell space assets in the form of non-fungible tokens (NFTs), in this case, payload space on Lunar Outpost’s M1 MAPP rover headed for the Moon in Q4 of 2022.
“From the fractionalised ownership of real space assets to the opening up to the masses of the ability to finance space ventures to enabling trustless cross-borders cooperation and space traffic management, it seems like blockchain technologies are here to stay and help usher in the 5th industrial revolution,” said Chris DiGilio, Director, Mission Management at ILS International Launch Services.
The NFTs of payload space would provide the owner rights and utility to the space on the rover itself, for those that have purchased the minimum amount to do so as the tokenised sale of payload space is allowing the public purchase, utilisation, division and resale of payload space through e-commerce like experience, as the company explained.
The democratisation of the space
Copernic Space recently said it is working to democratise the space opening up to charities and members of the public.
“In the wake of the negative reactions on social media to the likes of Jeff Bezos and Richard Branson travelling to space, Copernic Space is working to democratise it, in the hope that, eventually, charitable organisations and members of the public can invest in it.”
The project is set to open the first digital market or economic mechanisms for the public to directly participate in space commercialisation.
“Cryptocurrency and digital assets will not only enable the market to easily acquire space assets such as payload space or satellite data but will open the flood gates on commercialisation and capital that can bring untold public benefit, ranging from environmental to economic,” said Copernic Space CEO and co-founder Grant Blaisdell.
“By teaming with Copernic Space, Lunar Outpost will be able to offer ownership of assets to a new class of customers. This platform represents a substantial step forward in making space accessible to everyone,” says Lunar Outpost co-founder and COO Julian Cyrus.